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Book Cover
E-book
Author Gelbard, E. (Enrique)

Title Determinants of Angola's parallel market real exchange rate / prepared by Enrique Gelbard and Jun Nagayasu
Published [Washington, D.C.] : International Monetary Fund, African Department and Monetary and Exchange Department, ©1999

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Description 1 online resource (14 pages) : illustrations
Series IMF working paper ; WP/99/90
IMF working paper ; WP/99/90.
Summary The purchasing power parity (PPP) hypothesis is often used in assessing a particular level of exchange rate or the adequacy of an exchange rate policy. However, in countries where the real exchange rate is likely to be affected by real factors, PPP becomes a less useful tool, whereas obtaining an estimate of the equilibrium real exchange rate could be beneficial. This paper conducts an empirical examination of Angola's parallel market real exchange rate during the 1992-98 period. We test the PPP hypothesis and then assess the influence of two key variables on the parallel market real exchange rate: the price of oil and the world interest rate
Bibliography Includes bibliographical references (pages 13-14)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Foreign exchange -- Angola
Purchasing power parity -- Angola
Cointegration -- Angola
Monetary policy -- Angola
Cointegration
Foreign exchange
Monetary policy
Purchasing power parity
Angola
Form Electronic book
Author Nagayasu, Jun
International Monetary Fund. African Department
International Monetary Fund. Monetary and Exchange Affairs Department.
ISBN 1451897243
9781451897241
1281601667
9781281601667